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Last C$1.57 CAD
Change Today +0.05 / 3.29%
Volume 78.8K
POE On Other Exchanges
Symbol
Exchange
Venture
OTC US
Frankfurt
As of 4:00 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

pan orient energy corp (POE) Snapshot

Open
C$1.52
Previous Close
C$1.52
Day High
C$1.60
Day Low
C$1.50
52 Week High
09/2/14 - C$2.44
52 Week Low
12/16/14 - C$1.30
Market Cap
88.6M
Average Volume 10 Days
79.3K
EPS TTM
C$0.56
Shares Outstanding
56.4M
EX-Date
08/28/12
P/E TM
2.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for PAN ORIENT ENERGY CORP (POE)

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pan orient energy corp (POE) Details

Pan Orient Energy Corp. operates as a junior oil and natural gas company in Asia and Northern Alberta. It primarily holds interests in on-shore concessions, including Concession L53 covering approximately 241,444 acres and Concession L45 covering approximately 1,990 square kilometers located in Thailand; 4 production sharing contracts onshore Indonesia; and 88 contiguous sections of heavy oil sand leases in the Sawn Lake Property located in the central Alberta Peace River Oil Sands area. The company is based in Calgary, Canada.

pan orient energy corp (POE) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$350.0K
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: C$380.8K
Chief Operating Officer and General Manager o...
Total Annual Compensation: C$699.4K
Compensation as of Fiscal Year 2014.

pan orient energy corp (POE) Key Developments

Pan Orient Energy Corp. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Pan Orient Energy Corp. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company's net income attributed to common shareholders was CAD 33,940,000 or CAD 0.60 per basic and diluted share compared with net loss attributed to common shareholders of CAD 185,000 or CAD 0.00 per basic and diluted share a year ago. Cash flow used in operating activities was CAD 510,000 or CAD 0.01 per basic and diluted share compared with cash flow from operating activities of CAD 4,599,000 or CAD 0.08 per basic and diluted share a year ago. Capital expenditures were CAD 1,864,000 compared with CAD 11,010,000 a year ago. Funds flow from operations was CAD 775,000 compared with CAD 4,981 a year ago.

Pan Orient Energy Corp. Announces Audited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Pan Orient Energy Corp. announced audited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, Oil revenue, before royalties and transportation expense was CAD 3,708,000 against CAD 8,880,000 a year ago. Funds flow from operations was CAD 543,000 against CAD 5,598,000 a year ago. Funds flow from operations per basic and diluted share was CAD 0.01 against CAD 0.10 a year ago. Cash used in operating activities was CAD 302,000 or CAD 0.01 per share against cash flow from operating activities of CAD 4,734,000 or CAD 0.08 per share a year ago. Net loss attributed to common shareholders was CAD 1,793,000 or CAD 0.03 per share against CAD 7,083,000 or CAD 0.13 per share a year ago. Capital expenditures were CAD 4,254,000 against CAD 11,144,000 a year ago. For the year, Oil revenue, before royalties and transportation expense was CAD 23,583,000 against CAD 32,196,000 a year ago. Funds flow from operations was CAD 13,231,000 against CAD 22,596,000 a year ago. Funds flow from operations per basic and diluted share was CAD 0.23 against CAD 0.40 a year ago. Cash used in operating activities was CAD 12,362,000 or CAD 0.22 per share against cash flow from operating activities of CAD 21,675,000 or CAD 0.38 per share a year ago. Net loss attributed to common shareholders was CAD 2,488,000 or CAD 0.04 per share against CAD 93,362,000 or CAD 1.64 per share a year ago. Capital expenditures were CAD 22,609,000 against CAD 101,280,000 a year ago.

Pan Orient Energy Corp. Provides an Update on the L53- DC1ST1 Appraisal Well

Pan Orient Energy Corp. provided an update on the L53- DC1ST1 appraisal well on behalf of Pan Orient Energy (Siam) Ltd., in which Pan Orient Energy Corp. has a 50% ownership interest. Pan Orient Energy (Siam) Ltd. is the operator of Concession L53 with a 100% working interest. The L53-DC1ST1 appraisal well has completed drilling to a total measured depth of 1,423 meters (930 meters true vertical depth) in what was a previously undrilled fault compartment through the shallow “ZW” to deeper “A4” sandstone target levels. The deepest portion of the well encountered the “A6” and “A6U” sands within a fault compartment that had been drilled by earlier wells, and had oil pay interpreted over the “A6” and “A6U” zones in this well. Prior to the drilling of L53-DC1ST1, the “A6” zone was believed to have been fully depleted with no reserves attribution to it in the December 31, 2014 year-end NI51-101 compliant reserve report for Concession L53. Contrary to this earlier assessment, 4.8 meters of net true thickness oil pay was encountered in the “A6” zone and is currently on production testing at a rate of 197 barrels per day of 25 degree API oil with a water cut of approximately 57% and a flowing bottom hole pressure of 811 psia over the past 24 hour period. Testing results are not necessarily indicative of long-term performance or of ultimate recovery. It is estimated that this well has 52 meters of true vertical thickness of net oil pay averaging 26% porosity and 39% water saturation identified in ten sandstone intervals over the length of the entire wellbore between 530 and 870 meters true vertical depth. This interpretation was determined on the basis of open hole wire line logs, oil shows while drilling and offsetting data that includes information from analogous currently or formerly producing sands in separate but adjacent, fault compartments. As oil production from the deeper zones depletes, they will be isolated and new zones will be perforated and put on production in a sequential manner. The drilling of a second well to offset the L53-DC1ST1 well may be required to optimize production and economics and this will be determined over the coming one to two months on the basis of production performance. The L53-DEXT1ST1 appraisal well, targeting multiple sands within the L53-D East field, is currently logging after reaching a total depth of 1,699 meters measured depth (1,279 meters true vertical depth). Numerous oil shows were observed in samples while drilling between the true vertical depths of 400 to 1,220 meters. After logging, the well will be cased and production tested. The L53-DC1ST1 well results highlight the remaining “close in” potential around the existing L53 fields. The economics for L53 production continue to be strong, even in the current low oil price environment, with field netback of approximately CAD 39 per barrel and low drilling costs. The results of this well have not been incorporated or considered in the December 31, 2014 year-end reserve report. Oil sales for Concession L53 averaged 440 barrels of oil per day in February 2015 and current production is approximately 575 BOPD with the increase from the L53-DC1ST1 well. Net to the 50% ownership interest of Pan Orient Energy Corp., this represents 220 BOPD in February 2015 and approximately 287 BOPD of current production. The L53-DEXT1ST1 well, which is currently logging, is anticipated to commence testing within the next seven days.

 

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